Symbols / FTEK $1.29 +0.00%
FTEK Chart
About
Fuel Tech, Inc. engages in the development, commercialization, and application of technologies for air pollution control, process optimization, water treatment, and advanced engineering services to utility and industrial customers in the United States, rest of the Americas, Europe, South Africa, the Pacific Rim, and internationally. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide emissions (NOx) in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT selected non-catalytic reduction and selected catalytic reduction systems, including ammonia injection grid and graduated straightening grid systems; electrostatic precipitator processes and services; ULTRA technology; urea direct injection systems; and flue gas conditioning systems. Its FUEL CHEM Technology segment provides chemical injection programs to improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units for the control of slagging, fouling, corrosion, opacity, and acid plume, as well as the formation of sulfur trioxide, ammonium bisulfate, particulate matter, sulfur dioxide, and carbon dioxide through the addition of chemicals into the furnace using targeted in-furnace injection technology. This segment also offers its FUEL CHEM program for plants operating in the electric utility, industrial, pulp and paper, waste-to-energy, and university and district heating markets; and the owners of boilers, furnaces, and other combustion units for treating a wide variety of solid and liquid fuels, including coal, heavy oil, black liquor, biomass, and municipal waste. In addition, the company provides dissolved gas infusion systems, which utilize a proprietary channel injector and a patented saturator that infuses oxygen, carbon dioxide, or other gases into water; and visualization software. Fuel Tech, Inc. was incorporated in 1987 and is headquartered in Warrenville, Illinois.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Pollution & Treatment Co | Market Cap | 39.61M |
| Enterprise Value | 15.31M | Income | -2.32M | Sales | 26.68M |
| Book/sh | 1.28 | Cash/sh | 0.81 | Dividend Yield | — |
| Payout | 0.00% | Employees | 77 | IPO | — |
| P/E | — | Forward P/E | -25.80 | PEG | — |
| P/S | 1.48 | P/B | 1.01 | P/C | — |
| EV/EBITDA | -5.13 | EV/Sales | 0.57 | Quick Ratio | 4.82 |
| Current Ratio | 5.09 | Debt/Eq | 1.45 | LT Debt/Eq | — |
| EPS (ttm) | -0.08 | EPS next Y | -0.05 | EPS Growth | — |
| Revenue Growth | 37.20% | Earnings | 2026-05-11 | ROA | -4.79% |
| ROE | -5.68% | ROIC | — | Gross Margin | 46.42% |
| Oper. Margin | -19.66% | Profit Margin | -8.71% | Shs Outstand | 30.71M |
| Shs Float | 23.34M | Short Float | 0.39% | Short Ratio | 0.56 |
| Short Interest | — | 52W High | 3.65 | 52W Low | 0.91 |
| Beta | 1.09 | Avg Volume | 196.26K | Volume | 14.60K |
| Target Price | $4.00 | Recom | Strong_buy | Prev Close | $1.29 |
| Price | $1.29 | Change | 0.00% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$4.00
Mean price target
2. Current target
$1.29
Latest analyst target
3. DCF / Fair value
$1.36
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.29
Low
$4.00
High
$4.00
Mean
$4.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2024-05-09 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2024-03-13 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2023-08-10 | reit | HC Wainwright & Co. | Buy → Buy | $4 |
| 2021-11-11 | up | HC Wainwright & Co. | Neutral → Buy | $4 |
| 2020-03-13 | down | HC Wainwright & Co. | Buy → Neutral | — |
| 2018-12-10 | init | HC Wainwright & Co. | — → Buy | $2 |
| 2014-11-10 | main | Canaccord Genuity | — → Hold | $5 |
| 2013-05-09 | down | Sidoti & Co. | Buy → Neutral | — |
| 2012-08-29 | main | Brean Capital | — → Buy | $6 |
| 2012-08-08 | main | Canaccord Genuity | — → Hold | $6 |
| 2012-03-05 | main | Canaccord Genuity | — → Hold | $7 |
- Top Executive Doubles Down With Bold Fuel Tech Stock Purchase - TipRanks ue, 10 Mar 2026 03
- Analysts Offer Insights on Industrial Goods Companies: Pacific Basin Shipping (OtherPCFBF) and Fuel Tech (FTEK) - The Globe and Mail Sat, 07 Mar 2026 19
- Is Fuel Tech (FTEK) Stock Outpacing Its Industrial Products Peers This Year? - Yahoo Finance Wed, 13 Aug 2025 07
- FTEK - US Stock Futures: HOT STOCKS TO WATCH - Revista ADVFN ue, 03 Mar 2026 09
- Fuel Tech, Inc. Reports Strong Fourth Quarter and Full Year 2025 Financial Results with Significant Growth in FUEL CHEM Operations - Quiver Quantitative ue, 03 Mar 2026 21
- Fuel Tech Schedules 2025 Fourth Quarter Financial Results and Conference Call - GlobeNewswire hu, 19 Feb 2026 08
- Take Care Before Diving Into The Deep End On Fuel Tech, Inc. (NASDAQ:FTEK) - simplywall.st Mon, 16 Feb 2026 08
- Earnings call transcript: Fuel Tech’s Q4 2025 results fall short, stock dips - Investing.com Wed, 04 Mar 2026 16
- Fuel Tech Q4 Earnings Summary & Key Takeaways - Benzinga ue, 03 Mar 2026 21
- Fuel Tech: Take Advantage Of Market Euphoria To Exit (NASDAQ:FTEK) - Seeking Alpha Mon, 15 Sep 2025 07
- $FTEK stock is up 10% today. Here's what we see in our data. - Quiver Quantitative ue, 26 Aug 2025 07
- The 26% return this week takes Fuel Tech's (NASDAQ:FTEK) shareholders five-year gains to 379% - Yahoo Finance Sat, 13 Sep 2025 07
- Analysts Expect Breakeven For Fuel Tech, Inc. (NASDAQ:FTEK) Before Long - simplywall.st Wed, 17 Dec 2025 08
- Fuel Tech (FTEK) Q4 2025 Earnings Call Transcript - The Globe and Mail Wed, 04 Mar 2026 16
- Fuel Tech Inc. Earnings Call Signals Pivotal Growth - TipRanks ue, 10 Mar 2026 00
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 10000 | 12400 | — | Purchase at price 1.24 per share. | ARNONE VINCENT J | Chief Executive Officer | — | 2026-03-06 00:00:00 | D |
| 1 | 12627 | 21043 | — | Sale at price 1.67 per share. | JONES SHARON L. | Director | — | 2025-06-04 00:00:00 | D |
| 2 | 15000 | 15750 | — | Purchase at price 1.05 per share. | ARNONE VINCENT J | Chief Executive Officer | — | 2025-03-28 00:00:00 | D |
| 3 | 8014 | 8656 | — | Purchase at price 1.08 per share. | JONES SHARON L. | Director | — | 2024-11-19 00:00:00 | D |
| 4 | 14000 | 14700 | — | Purchase at price 1.05 per share. | JONES SHARON L. | Director | — | 2024-11-18 00:00:00 | D |
| 5 | 25800 | 26733 | — | Purchase at price 1.02 - 1.05 per share. | JONES SHARON L. | Director | — | 2024-11-14 00:00:00 | D |
| 6 | 20000 | 20400 | — | Purchase at price 1.02 per share. | ARNONE VINCENT J | Chief Executive Officer | — | 2024-09-12 00:00:00 | D |
| 7 | 5000 | 5050 | — | Purchase at price 1.01 per share. | ALBRECHT ELLEN T. | Chief Financial Officer | — | 2024-09-12 00:00:00 | D |
| 8 | 3293 | 3309 | — | Purchase at price 1.00 per share. | JONES SHARON L. | Director | — | 2024-08-28 00:00:00 | D |
| 9 | 447 | 449 | — | Purchase at price 1.00 per share. | JONES SHARON L. | Director | — | 2024-08-12 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.21 |
| NormalizedEBITDA | -2.98M | -4.24M | -1.11M | -931.00K |
| TotalUnusualItems | 0.00 | |||
| TotalUnusualItemsExcludingGoodwill | 0.00 | |||
| NetIncomeFromContinuingOperationNetMinorityInterest | -2.32M | -1.94M | -1.54M | -1.44M |
| ReconciledDepreciation | 699.00K | 460.00K | 342.00K | 440.00K |
| ReconciledCostOfRevenue | 14.29M | 14.51M | 15.43M | 15.30M |
| EBITDA | -2.98M | -4.24M | -1.11M | -931.00K |
| EBIT | -3.68M | -4.70M | -1.45M | -1.37M |
| NetInterestIncome | 1.42M | 1.25M | 1.28M | 185.00K |
| InterestExpense | 0.00 | 21.00K | 17.00K | 19.00K |
| InterestIncome | 1.42M | 1.25M | 1.30M | 202.00K |
| NormalizedIncome | -2.32M | -1.94M | -1.54M | -1.44M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -2.32M | -1.94M | -1.54M | -1.44M |
| TotalExpenses | 30.36M | 29.84M | 29.74M | 28.47M |
| TotalOperatingIncomeAsReported | -3.68M | -4.70M | -2.66M | -1.53M |
| DilutedAverageShares | 30.94M | 30.57M | 30.35M | 30.29M |
| BasicAverageShares | 30.94M | 30.57M | 30.35M | 30.29M |
| DilutedEPS | -0.08 | -0.06 | -0.05 | -0.05 |
| BasicEPS | -0.08 | -0.06 | -0.05 | -0.05 |
| DilutedNIAvailtoComStockholders | -2.32M | -1.94M | -1.54M | -1.44M |
| NetIncomeCommonStockholders | -2.32M | -1.94M | -1.54M | -1.44M |
| NetIncome | -2.32M | -1.94M | -1.54M | -1.44M |
| NetIncomeIncludingNoncontrollingInterests | -2.32M | -1.94M | -1.54M | -1.44M |
| NetIncomeContinuousOperations | -2.32M | -1.94M | -1.54M | -1.44M |
| TaxProvision | 15.00K | 77.00K | 69.00K | 54.00K |
| PretaxIncome | -2.31M | -1.87M | -1.47M | -1.39M |
| OtherIncomeExpense | -43.00K | 1.58M | -90.00K | -46.00K |
| OtherNonOperatingIncomeExpenses | -43.00K | 1.58M | -90.00K | -46.00K |
| SpecialIncomeCharges | 0.00 | |||
| ImpairmentOfCapitalAssets | 0.00 | |||
| NetNonOperatingInterestIncomeExpense | 1.42M | 1.25M | 1.28M | 185.00K |
| InterestExpenseNonOperating | 0.00 | 21.00K | 17.00K | 19.00K |
| InterestIncomeNonOperating | 1.42M | 1.25M | 1.30M | 202.00K |
| OperatingIncome | -3.68M | -4.70M | -2.66M | -1.53M |
| OperatingExpense | 16.06M | 15.32M | 14.31M | 13.17M |
| ResearchAndDevelopment | 2.01M | 1.56M | 1.51M | 895.00K |
| SellingGeneralAndAdministration | 14.05M | 13.76M | 12.80M | 12.28M |
| GrossProfit | 12.38M | 10.62M | 11.66M | 11.64M |
| CostOfRevenue | 14.29M | 14.51M | 15.43M | 15.30M |
| TotalRevenue | 26.68M | 25.13M | 27.08M | 26.94M |
| OperatingRevenue | 26.68M | 25.13M | 27.08M | 26.94M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 1.21M | 1.06M | 976.01K | 976.01K |
| OrdinarySharesNumber | 31.07M | 30.71M | 30.39M | 30.30M |
| ShareIssued | 32.28M | 31.77M | 31.36M | 31.27M |
| TotalDebt | 580.00K | 625.00K | 614.00K | 191.00K |
| TangibleBookValue | 37.17M | 39.51M | 41.24M | 42.33M |
| InvestedCapital | 39.93M | 41.95M | 43.71M | 44.84M |
| WorkingCapital | 25.67M | 23.76M | 32.63M | 31.06M |
| NetTangibleAssets | 37.17M | 39.51M | 41.24M | 42.33M |
| CapitalLeaseObligations | 580.00K | 625.00K | 614.00K | 191.00K |
| CommonStockEquity | 39.93M | 41.95M | 43.71M | 44.84M |
| TotalCapitalization | 39.93M | 41.95M | 43.71M | 44.84M |
| TotalEquityGrossMinorityInterest | 39.93M | 41.95M | 43.71M | 44.84M |
| StockholdersEquity | 39.93M | 41.95M | 43.71M | 44.84M |
| OtherEquityInterest | 76.00K | 76.00K | 76.00K | 76.00K |
| GainsLossesNotAffectingRetainedEarnings | -1.72M | -1.92M | -1.75M | -1.73M |
| OtherEquityAdjustments | -1.72M | -1.92M | -1.75M | -1.73M |
| TreasuryStock | 2.57M | 2.35M | 2.25M | 2.25M |
| RetainedEarnings | -121.80M | -119.47M | -117.53M | -115.99M |
| AdditionalPaidInCapital | 165.62M | 165.29M | 164.85M | 164.42M |
| CapitalStock | 322.00K | 317.00K | 313.00K | 313.00K |
| CommonStock | 322.00K | 317.00K | 313.00K | 313.00K |
| TotalLiabilitiesNetMinorityInterest | 7.25M | 6.84M | 6.67M | 5.28M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 974.00K | 987.00K | 986.00K | 517.00K |
| OtherNonCurrentLiabilities | 296.00K | 263.00K | 281.00K | 274.00K |
| NonCurrentDeferredLiabilities | 187.00K | 176.00K | 172.00K | 177.00K |
| NonCurrentDeferredTaxesLiabilities | 187.00K | 176.00K | 172.00K | 177.00K |
| LongTermDebtAndCapitalLeaseObligation | 491.00K | 548.00K | 533.00K | 66.00K |
| LongTermCapitalLeaseObligation | 491.00K | 548.00K | 533.00K | 66.00K |
| CurrentLiabilities | 6.27M | 5.86M | 5.69M | 4.77M |
| CurrentDeferredLiabilities | 1.12M | 1.08M | 1.38M | 447.00K |
| CurrentDeferredRevenue | 1.12M | 1.08M | 1.38M | 447.00K |
| CurrentDebtAndCapitalLeaseObligation | 89.00K | 77.00K | 81.00K | 125.00K |
| CurrentCapitalLeaseObligation | 89.00K | 77.00K | 81.00K | 125.00K |
| PensionandOtherPostRetirementBenefitPlansCurrent | 1.31M | 1.25M | 1.25M | 1.10M |
| CurrentProvisions | 159.00K | 159.00K | 159.00K | 159.00K |
| PayablesAndAccruedExpenses | 3.60M | 3.29M | 2.81M | 2.93M |
| CurrentAccruedExpenses | 358.00K | 375.00K | 393.00K | 220.00K |
| Payables | 3.24M | 2.92M | 2.42M | 2.71M |
| AccountsPayable | 3.24M | 2.92M | 2.42M | 2.71M |
| TotalAssets | 47.18M | 48.80M | 50.39M | 50.12M |
| TotalNonCurrentAssets | 15.23M | 19.18M | 12.07M | 14.30M |
| OtherNonCurrentAssets | 207.00K | 191.00K | 781.00K | 794.00K |
| InvestmentsAndAdvances | 6.99M | 10.88M | 3.66M | 6.36M |
| InvestmentinFinancialAssets | 6.99M | 10.88M | 3.66M | 6.36M |
| HeldToMaturitySecurities | 6.99M | 10.88M | 3.66M | 6.36M |
| GoodwillAndOtherIntangibleAssets | 2.76M | 2.44M | 2.47M | 2.51M |
| OtherIntangibleAssets | 646.00K | 327.00K | 358.00K | 397.00K |
| Goodwill | 2.12M | 2.12M | 2.12M | 2.12M |
| NetPPE | 5.28M | 5.67M | 5.15M | 4.63M |
| AccumulatedDepreciation | -19.43M | -18.96M | -18.70M | -18.56M |
| GrossPPE | 24.71M | 24.63M | 23.85M | 23.19M |
| ConstructionInProgress | 19.00K | 2.00K | 99.00K | 29.00K |
| OtherProperties | 13.57M | 13.59M | 12.71M | 12.08M |
| MachineryFurnitureEquipment | 3.41M | 3.36M | 3.39M | 3.46M |
| BuildingsAndImprovements | 6.65M | 6.63M | 6.61M | 6.58M |
| LandAndImprovements | 1.05M | 1.05M | 1.05M | 1.05M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 31.94M | 29.62M | 38.32M | 35.83M |
| OtherCurrentAssets | 1.33M | 1.16M | 1.44M | 1.40M |
| RestrictedCash | 0.00 | 891.00K | ||
| PrepaidAssets | 1.07M | |||
| Inventory | 373.00K | 397.00K | 439.00K | 392.00K |
| FinishedGoods | 176.00K | 176.00K | 207.00K | |
| RawMaterials | 197.00K | 221.00K | 232.00K | |
| Receivables | 5.36M | 9.37M | 6.73M | 7.73M |
| ReceivablesAdjustmentsAllowances | -108.00K | -106.00K | -111.00K | -110.00K |
| OtherReceivables | 969.00K | 4.10M | 2.54M | 3.23M |
| AccountsReceivable | 4.49M | 5.38M | 4.30M | 4.61M |
| CashCashEquivalentsAndShortTermInvestments | 24.88M | 18.69M | 29.71M | 26.31M |
| OtherShortTermInvestments | 12.94M | 10.18M | 12.14M | 2.98M |
| CashAndCashEquivalents | 11.94M | 8.51M | 17.58M | 23.33M |
| CashEquivalents | 5.08M | 10.77M | ||
| CashFinancial | 12.49M | 12.56M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 2.34M | -3.81M | 278.00K | -4.34M |
| IssuanceOfDebt | 0.00 | |||
| IssuanceOfCapitalStock | 0.00 | 25.81M | ||
| CapitalExpenditure | -674.00K | -378.00K | -418.00K | -206.00K |
| IncomeTaxPaidSupplementalData | 11.00K | 52.00K | 12.00K | 14.00K |
| EndCashPosition | 11.94M | 8.51M | 17.58M | 23.33M |
| BeginningCashPosition | 8.51M | 17.58M | 23.33M | 37.05M |
| EffectOfExchangeRateChanges | 90.00K | -97.00K | -44.00K | -87.00K |
| ChangesInCash | 3.34M | -8.97M | -5.71M | -13.64M |
| FinancingCashFlow | -222.00K | -95.00K | 42.00K | -17.00K |
| CashFlowFromContinuingFinancingActivities | -222.00K | -95.00K | 42.00K | -17.00K |
| NetOtherFinancingCharges | -222.00K | -95.00K | -17.00K | -1.83M |
| ProceedsFromStockOptionExercised | 0.00 | 42.00K | 0.00 | 0.00 |
| NetCommonStockIssuance | 0.00 | 25.81M | ||
| CommonStockIssuance | 0.00 | 25.81M | ||
| NetIssuancePaymentsOfDebt | 0.00 | |||
| NetLongTermDebtIssuance | 0.00 | |||
| LongTermDebtIssuance | 0.00 | |||
| InvestingCashFlow | 545.00K | -5.44M | -6.44M | -9.48M |
| CashFlowFromContinuingInvestingActivities | 545.00K | -5.44M | -6.44M | -9.48M |
| NetInvestmentPurchaseAndSale | 1.22M | -5.07M | -6.03M | -9.28M |
| SaleOfInvestment | 13.25M | 12.99M | 8.00M | 500.00K |
| PurchaseOfInvestment | -12.03M | -18.06M | -14.03M | -9.78M |
| NetPPEPurchaseAndSale | -674.00K | -378.00K | -418.00K | -206.00K |
| PurchaseOfPPE | -674.00K | -378.00K | -418.00K | -206.00K |
| OperatingCashFlow | 3.02M | -3.43M | 696.00K | -4.14M |
| CashFlowFromContinuingOperatingActivities | 3.02M | -3.43M | 696.00K | -4.14M |
| ChangeInWorkingCapital | 4.36M | -2.26M | 1.93M | -3.29M |
| ChangeInPayablesAndAccruedExpense | 315.00K | 207.00K | 944.00K | 1.52M |
| ChangeInAccruedExpense | 57.00K | -312.00K | 1.24M | 360.00K |
| ChangeInPayable | 258.00K | 519.00K | -295.00K | 1.16M |
| ChangeInAccountPayable | 258.00K | 519.00K | -295.00K | 1.16M |
| ChangeInPrepaidAssets | -172.00K | 292.00K | -6.00K | -314.00K |
| ChangeInInventory | 26.00K | 41.00K | -46.00K | -45.00K |
| ChangeInReceivables | 4.20M | -2.80M | 1.04M | -4.45M |
| ChangesInAccountReceivables | 2.52M | -1.13M | 1.04M | -4.45M |
| OtherNonCashItems | -62.00K | -132.00K | -433.00K | -5.00K |
| StockBasedCompensation | 326.00K | 446.00K | 389.00K | 224.00K |
| ProvisionandWriteOffofAssets | 0.00 | -4.00K | 0.00 | -106.00K |
| DeferredTax | 11.00K | 4.00K | -5.00K | 38.00K |
| DeferredIncomeTax | 11.00K | 4.00K | -5.00K | 38.00K |
| DepreciationAmortizationDepletion | 699.00K | 460.00K | 342.00K | 440.00K |
| DepreciationAndAmortization | 699.00K | 460.00K | 342.00K | 440.00K |
| AmortizationCashFlow | 36.00K | 57.00K | 61.00K | 88.00K |
| AmortizationOfIntangibles | 36.00K | 57.00K | 61.00K | 88.00K |
| Depreciation | 663.00K | 403.00K | 281.00K | 352.00K |
| OperatingGainsLosses | 2.00K | 10.00K | -1.50M | |
| GainLossOnSaleOfPPE | 2.00K | 0.00 | 10.00K | 0.00 |
| NetIncomeFromContinuingOperations | -2.32M | -1.94M | -1.54M | -1.44M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for FTEK
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|